416Direct concludes its first licensing deal for 519Direct utilizing NPlus Networks 80,000 sq.ft Data Centre

416Direct concludes its first licensing deal for 519Direct (Kitchener, Ontario) with NPlus Networks. The deal is an equity swap exchanging 50% of the 519Direct license for 50% ownership in a joint venture, utilizing NPlus Networks 80,000 sq.ft Data Centre, offering Colocation Services as DirectColo.